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Local branded apparel, leather goods replacing foreign ones

Shah Alam Nur | 2014-07-20 00:00:00

Local branded apparel and leather goods are gradually replacing the foreign ones. As a result, the volume of imported products has fallen sizeably in recent times, industry insiders said. For world-class quality and reasonable prices, customers now prefer local branded...

Chicago agricultural commodities futures closed lower

2014-07-20 00:00:00

CHICAGO, July 19 (Xinhua) : Chicago agricultural commodities futures trading closed lower yesterday, led by wheat.  The most active corn contract for December delivery dropped 8. 75 cents, or 2.26 percent, to close at 3.785 U.S. dollars per bushel. September...

BB to unveil farm credit policy tomorrow

2014-07-20 00:00:00

Bangladesh Bank (BB) is set to announce two major policies ahead of the festival vacation for Eid-ul-Fitr, starting on July 28, reports BSS. The central bank will announce the agriculture and rural credit policy for 2014-15 financial year (FY15) on...

Commodity markets rattled by Ukraine airplane disaster

2014-07-20 00:00:00

LONDON, July 18 (AFP) :  Global commodity markets were gripped this week by the Malaysian air crash, which has dramatically raised tensions between Russia -- a key producer of many raw materials -- and the West. The doomed Malaysia Airlines...

Global Commodity Prices

2014-07-20 00:00:00

97 more Palestinians, 13 Israeli soldiers killed

2014-07-20 00:00:00

GAZA CITY: At least 97 Gazan Palestinians and 13 Israeli soldiers were killed Sunday as Israel ramped up a major military offensive in the bloodiest single day in the enclave in five years. As regional leaders met in Doha for...

Body formed to expedite industrial parks on land of state enterprises

Faruque Ahmed | 2014-07-20 00:00:00

The ministry of industries has formed a committee to prepare proposals for establishing industrial parks on 400 acres of land of sick or idle state-owned enterprises after the prime minister's directive, officials said. An additional secretary of the industries ministry...

5 of a family killed in Ctg fire

2014-07-20 00:00:00

CHITTAGONG: Five members of a family, including four children, were killed in a fire that broke out at a house in Sarkerhat area of Hathazari upazila Sunday night.  The deceased were identified Rosy 35, wife of vegetables vendor Mahbubul Alam,...

BJGA gets new chairman

2014-07-20 00:00:00

The 44th annual general meeting (AGM) of Bangladesh Jute Goods Association (BJGA) was held at the conference room of the Association Wednesday, a BJGA release said Saturday, reports BSS. Presided over by Md Zakirul Islam, the outgoing chairman, the meeting...

Free Facebook access for Robi subscribers

2014-07-20 00:00:00

Robi Axiata Ltd in partnership with Facebook Inc has launched 0.facebook.com for free browsing of Facebook for its valued subscribers. Robi has also launched a daily Facebook pack at Tk 4 for subscribers who wish to browse on regular mobile...

US consumer sentiment dips in early July

2014-07-20 00:00:00

NEW YORK, Jul 18 (Reuters) : US consumer sentiment dipped in early July while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's preliminary July reading...

BB to announce farm credit policy Monday

2014-07-20 00:00:00

Bangladesh Bank (BB) will announce the agriculture and rural credit policy for the 2014-15 financial year (FY15) Monday. BB governor Dr Atiur Rahman will announce the credit policy at 2pm at the central bank's headquarters in the capital. Like previous...

Serbia passes labour, pension laws in reform drive

2014-07-20 00:00:00

BELGRADE, July 19 (AFP) : Serbia approved laws reducing job protection and raising the retirement age for women on Friday in the first steps of deep reforms to revive the seriously flawed economy, and fight high unemployment. Parliament is also...

Killing of journo Mantu : SC settles appeal with observations

2014-07-20 00:00:00

The Supreme Court Sunday settled some observations in the appeal filed by Bangladesh Beverage Industries Limited against a High Court judgment on compensation for a journalist who was seriously injured after being hit by a mini-truck of the company and...

News Briefs

2014-07-20 00:00:00

Italian central bank lowers 2014 growth forecast MILAN, July 19: Italy's central bank on Friday lowered its economic growth forecast for 2014 to just 0.2 per cent because of disappointing results from the first half of the year. The bank...

Kerry greets Mahmood ahead of Eid

2014-07-20 00:00:00

US Secretary of State John F Kerry has greeted Bangladesh Foreign Minister AH Mahmood Ali on the occasion of the coming Eid-ul-Fitr, an official release said in Dhaka on Sunday. John Kerry sent a letter to his Bangladesh counterpart wishing...

Photo: The half-yearly business review meeting of Meghna Bank Limited

2014-07-20 00:00:00

Night-long wait for tickets

2014-07-20 00:00:00

Sale of pre-Eid advance railway tickets has commenced from Sunday. But hundreds of ticket expectants started camping at the capital’s Kamalpur Railway Station, literally spending sleepless night, to get a ticket to their destination since Saturday night. Many of those...

FBCCI, IOM sign deal for migrant workers\\\' skill dev

FE Report | 2014-07-20 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the International Organisation for Migration (IOM) Bangladesh signed an agreement in the city Saturday for cooperation in skill development of the migrant workers. FBCCI Secretary General Mir Shahabuddin Mohammad...

Prior approval mandatory to arrest public servant

2014-07-20 00:00:00

The government has drafted the Public Servants Act that prevents punitive actions against a government employee before departmental measures. It also makes taking prior approval mandatory to arrest a public servant. The Secretarial Committee on Administrative Development Affairs discussed the...

Myanmar to host 36th Asean ministerial meet on agriculture, forestry

2014-07-20 00:00:00

YANGON, July 19 (Xinhua): Myanmar will host the 36th Association of Southeast Asian Nations (Asean) Ministerial Meeting on Agriculture and Forestry and the 14th Asean+3 Meeting and related meetings in September, official media reported Saturday. The meetings are scheduled to...

Concerns mount over India\\\'s stance on global trade pact

2014-07-20 00:00:00

SYDNEY, July 19 (Reuters): Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday. India is the...

EU-US trade talks end amid protests

2014-07-20 00:00:00

BRUSSELS, July 19 (AFP): EU and US negotiators ended a sixth round of trade liberalisation talks on Friday by vowing to maintain transparency, as anti-globalisation protesters nearby urged the project be scrapped. "We have had intense discussions" that have been...

IMF sees Ukraine\\\'s economy shrinking faster

2014-07-20 00:00:00

KIEV, July 19 (AFP): The International Monetary Fund (IMF) warned Friday that the pro-Russia uprising engulfing Ukraine's vital industrial east had dealt a "notable" blow that would shrink its economy faster than feared. The Fund said in its latest review...

Iran to receive $2.8b in frozen assets

2014-07-20 00:00:00

TEHRAN, July 19 (Xinhua): The world powers agreed to unfreeze US$2.8 billion of Iran's frozen assets over the next four months, Press TV reported on Saturday. "Over the next four months, $2.8 billion will be deposited into Iran's account in...

Bank of Portugal urges improved health for private bank

2014-07-20 00:00:00

LISBON, July 19 (Xinhua): Bank of Portugal Governor Carlos Costa encouraged new shareholders to restore the financial health of bank Banco Espirito Santo (BES)'s structure on Friday, as Portugal's largest private bank tries to calm investors. "It would be good...

Chinese, Venezuelan central banks ink coop deal

2014-07-20 00:00:00

CARACAS, July 19 (Xinhua): The central banks of Venezuela and China signed a cooperation agreement here Friday aimed at promoting the exchange of information on statistical methodologies, monetary policy strategies and funding mechanisms. Zhou Xiaochuan, governor of the People's Bank...

Photo: NEW DELHI, India: Indian Finance and Defence Minister Arun Jaitley speaking

2014-07-20 00:00:00

Photo: BUENOS AIRES, Argentina: Chinese President Xi Jinping (L) shaking hands with Argentine President Cristina Fernandez de Kirchner

2014-07-20 00:00:00

Photo: NICOSIA, Cyprus: A picture taken on July 18, 2014, showing a building housing

2014-07-20 00:00:00